HUL target achieved, RIL also quite strong

You can see that today our HUL target achieved. As soon as it breached
495, it cracked down till our target of around 460.

RIL has been quite strong and it is not showing any weakness. There could
be some small corrections upto 900-905, but it would give opportunity to
BUY only. After it breaks 940 with volumes, you can see good rally from
there.

Market is now in correction mode, it may test the following levels:
6019, 6000, 5980, 5950.

Please note that these are important levels and they may act as reversal
points too. For the Janurary series, the downside is limited to max. 5950
and upside can be upto 6200+.

Market Update 21/1/2013 12:45 am

Market breadth is looking weak and you will get opportunity to short
at higher levels, around 6080 to 6100
SL - 6120
Target - 6040, 6020, 5980

Avoid Reliance for the time being as we see shorts being at higher
levels. You can short it for targets of 900, 880 and from there you
may again start seeing buying interest coming.

HUL has 200 DMA at 495, if it is able to hold this level, then it
can reverse, else you can get the targets which have been given.

Market View 21/1/2013

Market undertone is bullish as i have been always telling you.
But there are many stocks which have been in over bought
situation and there could be lot of volatility to be seen.

One positive note is that the put writing open interest has shifted
from 5800 to 5900 and slowly even 6000 is also picking up.
So the index might still keep jumping between 5980 to 6120, it
is advisable not to trade in nifty and trade in stock specifics.
If you get good rates, you can surely buy or sell in the above
mentioned range.

Reliance result has surprised the market and you may see huge
rally in the stock and it may not be surprising if Reliance crosses
1000+ mark within a day or two.

So, Buy Reliance @ 900 - 920
SL - 880
Target - 940, 960, 1000, 1050, 1100
Duration - 1 to 3 months

Sell Hindustan Unilevel @ 490-500
SL - 510
Target - 480, 470, 460, 440
Duration - 1 month

Market view 18/1/2013

Market is in clear uptrend, but there is lot of volatility at this level.

For tomorrow, the Nifty levels to watch out are:
Supports: 6000, 6019, 6042
Resistance: 6058, 6070, 6100

If market opens above 6053 and holds this level upto 11am, then you
can Buy Nifty with stop loss at 6038, for target of 6100, 6130

Sell Bajaj Auto @ 2060 - 2070 (spot levels)
Stop loss - 2080
Target - 2050, 2030, 2010

Market view 7/1/2013

Market as informed earlier is up only.
There could be small halt around 6065-6080.
If there is continuous buying at this level, then
the immediate target would be 6150.

This week is results season starting and hence
the focus should be stock specific only.

Stock Pick for today:
Buy ABB @ 716-720 (Spot Price)
Stop Loss - 704 (Closing basis)
Target - 730, 736, 742, 749, 760, 780, 800
Duration - 1 month

Market view 4/1/2012 1:45pm

Market is in clear uptrend but there is lot of congestion at this area
and hence would not be able to go up very easily. There are complete
stock specific actions that you can see.

Till market reach 6150, all dips are to be used for buying only.
There can be a dip upto 5950 - 5930 once. Wait for it to enter the
market again.

Todays recommendation:
Buy LIC Housing @ 293-294 (Future levels)
Stop Loss - 290 (closing basis)
Target - 297, 300, 303, 310, 320
Duration - 1 to 2 months

Market View 2/1/2012 9:08 am

Market has broken important channel at 5950 with high volumes yesterday.
Now it will move up atleast 100-150 points in 2 days.

Buy Nifty @ 5980-5990 (Spot levels)
Stop Loss - 5950
Target - 6030, 6080, 6150
Duration - 1 to 3 days

You can also Buy Bank Nifty at open with todays low
as stop loss, for a target of 13000, 13200